Fact sheet: AXA Wealth M&G PropPort Pn

Fund information
Fund name
AXA Wealth M&G Property Portfolio Pn S4
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund managers
  • Justin Uptonsince 18/01/2013
  • Fiona Rowleysince 18/01/2013
Underlying fund
M&G Property Portfolio
Fund objective
The Fund aims to provide a level of protection from the effects of inflation by generating a total return consistent with or greater than the rate of UK inflation over a rolling three- to five-year period. There is no guarantee that the fund will achieve its objective over this, or any other, period. The Fund is mainly invested in inflation-linked bonds issued by companies with a high credit quality.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Physical
Quick stats
1 Year return
-6.8%
1 Year rank in sector
154/159
Sector
PN UK Direct Property
Yield
-
Fund size
£15m (£19m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
108
Bid price
303.7
Offer price
303.7
Top in this sector
Fund name1 Year
Guardian Property Pn11.6%
Guardian Choices Property Pn11.6%
OMW IPL Aviva Lm Prp Pn8.9%
FL Property AP5.7%
FL GM Property Pension5.3%
...more in PN UK Direct Property

Performance snapshot

Holdings snapshot

  • South East UK45.5%
    Midlands17%
    Others10.8%
    Northern UK10.4%
    Scotland9.4%
  • Offices - Property36%
    Warehouse - Property20%
    Industrials13.9%
    Shop - Property11.5%
    Retail - Property11.3%
  • Property100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.5%3.9%-3.3%-6.8%17.9%26.7%
Sector0.2%2.7%-2.6%-0.9%25.1%33.5%
Rank within sector78 / 16164 / 160114 / 159154 / 159123 / 154108 / 149
Quartile2nd2nd3rd4th4th3rd
Calendar performance
 YTD - 20162015201420132012
Fund-7.7%9.2%22.1%0.9%1.5%
Sector-1.8%9.7%14.3%6.9%1%
Rank within sector155 / 159106 / 1584 / 154147 / 15246 / 149
Quartile4th3rd1st4th2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-5.11
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.52
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.18
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
12.43
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
11.34
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-0.17
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.18
Price movement
52 week high335.3
52 week low286.7
Current bid price303.7
Current offer price303.7
Current mid price-
Region
1South East UK45.5%
2Midlands17%
3Others10.8%
4Northern UK10.4%
5Scotland9.4%
6Central London4.2%
7South West UK2.7%
Industry sector
1Offices - Property36%
2Warehouse - Property20%
3Industrials13.9%
4Shop - Property11.5%
5Retail - Property11.3%
6Others7.3%
Asset type
1Property100%
Individual holdings
11-8 BEDFONT LAKES4.96%
2RIVERSIDE HOUSE LONDON4.41%
3PARC TROSTRE RETAIL PARK LLANELLI4.12%
4WALES DESIGNER OUTLET BRIDGEND3.55%
5FREMLIN WALK MAIDSTONE3.1%
6THE GRACECHURCH CENTRE SUTTON COLDFIELD2.97%
7RIVERSIDE RETAIL PARK NORTHAMPTON2.7%
83 HARDMAN SQUARE, MANCHESTER2.58%
9AURORA120 BOTHWELL STREET GLASGOW2.34%
Management
Fund manager group
AXA Investment Managers
Fund manager company
AXA Wealth Limited
Fund type
Pension Fund
Fund objective
The Fund aims to provide a level of protection from the effects of inflation by generating a total return consistent with or greater than the rate of UK inflation over a rolling three- to five-year period. There is no guarantee that the fund will achieve its objective over this, or any other, period. The Fund is mainly invested in inflation-linked bonds issued by companies with a high credit quality.
Benchmark
  • No Specified Index
Investment style
None
Investment method
Physical
Fund managers
NameSinceBiography
Justin Upton18/01/2013Justin Upton joined M&G Real Estate in January 2010 as deputy fund manager of the M&G Pooled Pensions Property Fund (PPLP). On 1 January 2012, he was appointed deputy fund manager of the M&G Property Portfolio. Before M&G Real Estate, Justin spent two years as a director at Mayfair Capital Investment Management where he was involved with the MC Special Opportunities Fund and Income Trust for Charities. Prior to this, he spent five years at Henderson Global Investors as assistant fund manager on the Henderson Retail Warehouse Fund and the Caspar Fund. Justin undertook his RICS accreditation during four years spent with Cushman Wakefield’s capital markets team. He holds a degree from the University of Birmingham in social and economic history and a Masters from City University in property law and valuation.
Fiona Rowley18/01/2013Fiona Rowley joined M&G Real Estate as an investment surveyor in 1994 and was appointed deputy fund manager of the M&G Property Portfolio on its launch in 2005. She was appointed fund manager in 2007. Before joining the group, Fiona worked for property service company Knight Frank. She has a first class honours degree in estate management from South Bank University and is a member of the Royal Institution of Chartered Surveyors (RICS) and the Investment Property Forum.
Compliance
No data available.
Domicile
No data available.
Fund for sale in
United Kingdom
AXA Wealth M&G Property Portfolio Pn
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.55%
Bid price313.4
Offer price313.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code080E
AXA Wealth M&G Property Portfolio Pn S3
Initial charge-
Annual charge1.2%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.55%
Bid price313.4
Offer price313.4
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi code080F
AXA Wealth M&G Property Portfolio Pn S4
Initial charge-
Annual charge1.65%
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)2%
Bid price303.7
Offer price303.7
Mid price-
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI5T6
Data provided by

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